HAWAII KOREAN CULTURAL CENTER (EIN 260640997) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Amanda Chang-Kwak

Phone

8085482500

Tax Period

2023-01-01 to 2023-12-31

Mission

The entitys primary mission is to establish a building for Korean cultural center in Hawaii by gathering funds from various community fund rasing activities and obtaining aid from Korean government and Hawaii State government. The entity sponsors the Korean educational and cultural activities such as sharing Korean culture with local communities

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,787

TOTAL EXPENSES $1,787

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$38,142	-1.0%
Expenses	$1,787	$10,005	-0.8%
Net Income	N/A	$28,137	N/A

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHANG-KWAK AMANDA	Chairman/DIRECTOR	5.00	Officer Director	$0	$0	$0
KIM JAMES Y T	DIRECTOR	2.00	Director	$0	$0	$0
KIM YOUNG HAE	DIRECTOR	2.00	Director	$0	$0	$0
CHO KWAN JAY	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY GAP SUK	DIRECTOR	2.00	Director	$0	$0	$0
FOOI-JANG BYUN	DIRECTOR	2.00	Officer Director	$0	$0	$0
PETER CHO	DIRECTOR	2.00	Director	$0	$0	$0
TAE HO HAN	DIRECTOR	2.00	Director	$0	$0	$0
EUN JA KIM	DIRECTOR/TREASURER	5.00	Officer Director	$0	$0	$0
DEAWOONG JOO	DIRECTOR	2.00	Director	$0	$0	$0
GRACE LEE	DIRECTOR	2.00	Director	$0	$0	$0
SAMUEL CHONG	DIRECTOR	2.00	Director	$0	$0	$0
KAVIN KIM	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	No data	$1,787	$3,731,863	No data
2023	$218,996	$67,395	$3,921,294	$151,601
2022	$38,142	$10,005	$3,819,374	$28,137
2021	$733,182	$16,913	$3,825,797	$716,269
2020	$256,936	$32,751	$3,166,883	$224,185

HAWAII KOREAN CULTURAL CENTER